With Tesla Motors' recent sky-high stock value and record-topping vehicle production, it’s easy to forget the company's last quarterly report, which missed analyst expectations and set off a slide in stock value that cost the company a third of its market capitalization at the time.

That puts extra pressure on today’s fourth-quarter earnings report.

It’s hard to argue that Tesla Motors Inc. hasn’t bounced back from the fallout of its November report. Stock prices climbed to record highs on Feb. 11, when China announced Tesla Model S sedans would qualify for higher than anticipated incentives. That news briefly sent shares over $200.

Tesla also said last month that it sold almost 6,900 cars this quarter, its biggest quarter ever and 20 percent higher than its guidance. At the same time, however, it recalled 29,000 of its home-charging adaptors over fire concerns.

For tomorrow's earnings, analysts polled by Thomson Reuters are expecting revenue of $677.4 million (up 121 percent year-over-year) and earnings per share of 21 cents (up from a 65 cent loss).

Not all analysts have rosy expectations for the Palo Alto-based company. Analysts at the TheStreet reiterated a sell rating on Tesla, two equities research analysts have told shareholders to sell, and eight have issued a hold, according to TickerReport.

Here are three things to look out for in tomorrow’s earnings report.

International expansion:

One key area to watch is Tesla's growth overseas. China, which is struggling to contain its worsening air pollution issues, is in the crosshairs for Tesla. CEO Elon Musk said sales of the Model S in China could reach the level of U.S. sales by next year, according to Bloomberg. For reference, the company sold 20,600 sedans in the U.S. last year.

Tesla also has plans in Europe, where it has said there is demand for about 10,000 Tesla cars a year. It’s been betting on that market by investing in a supercharger network there that has put 50 percent of the population of Germany within 320 kilometers of a charging station. It aims to install superchargers to cover the rest of Germany by next year.

On a previous Tesla earnings call, Musk lamented "inability or unwillingness of current battery manufacturers to build or operate battery cell manufacturing plants to supply (Tesla's) lust for lithium-ion cells." To improve cell production, he plans to build a super green, super large cell and battery ‘giga’ factory. At that time, Musk said it was too early to go into detail but that the factory would mostly likely be in North America. (Tesla may be eyeing Arizona as a possible location for the factory.) The plant would be “bigger than all the lithium-ion production in the world today or at least on par with it.”

Increasing battery production is a key hurdle for Tesla's growth, especially as the company gears up for its third-generation $35,000 car.

Details on the Model X:

Tesla said in its last quarterly report that it would start production of its Model X crossover in late 2014 and ramp it up to full production by the second quarter of 2015. Look for details on the timeline, which the company said is contingent on supplier readiness, engineering completion and testing.